Summary by Moomoo AI
WeBuy Global Ltd has announced an Extraordinary General Meeting (EGM) to be held on March 8, 2024, at 10:00 A.M. Singapore time. The EGM will address the re-designation and re-classification of the company's authorized share capital, which involves the creation of Class A and Class B ordinary shares with distinct rights and voting powers. The proposal includes the conversion of existing ordinary shares into Class A ordinary shares, except for 21,395,400 shares held by specific shareholders, which will be re-classified as Class B ordinary shares. Additionally, the EGM will seek approval for the Second Amended and Restated Memorandum and Articles of Association, reflecting the changes in share capital and establishing the dual-class share structure. A third resolution will be considered to adjourn the EGM to a later date if necessary. The meeting will take place at the company's executive office in Singapore, and shareholders are urged to vote by proxy if they cannot attend in person.